Get travel coverage through Kanetix.ca quickly and easily.
With more and more options available for travel insurance coverage these days, who can keep track of all the particulars? What do you pay for exactly? Who needs travel insurance coverage anyways? If you've started shopping around for vacation coverage and are trying to understand it all, then you've found the right resource.
Types of travel insurance coverage and what's included
Essentially there are 3 different types of travel insurance coverage: emergency medical, trip cancellation & interruption, and baggage loss, damage & delay insurance. Each can usually be purchased separately or can be bundled into one all inclusive travel insurance policy meeting the full travel insurance coverage needs of every individual.
Emergency medical travel insurance coverage is travel health insurance coverage should you become suddenly ill or injured while away on holiday and are in need of medical attention. It provides coverage for sudden and unexpected medical emergencies. Different travel insurance companies cover different amounts. Typical travel insurance medical coverage limits are $1 million, $2 million and $5 million. What's the difference you ask? Well, that depends on you really. The more the vacation coverage the bigger cushion you have in case you have to make a claim.
Key items covered in most emergency medical travel insurance coverage policies are hospitalization, medical treatment by a physician or surgeon, X-rays and other diagnostic tests, prescription medication, and emergency dental care. Anything over and above these, like pet return, child care during hospital admittance, or meals and accommodation for travel companions are often included in what are called "deluxe", "gold", or comprehensive plans; not all travel insurance medical coverage policies include these extras so make sure you read the policy before buying. These travel health insurance coverage packages-the comprehensive, gold or deluxe-may cost a bit more than those that only cover the basics but if it's important to you then it's well worth it for the peace of mind.
Trip cancellation travel coverage is just that - vacation coverage if your trip needs to be cancelled. Policies vary but trip cancellation insurance typically covers you if you (or your travelling companion) suddenly fall ill or are injured and are admitted to hospital; there's an unexpected death in the immediate family; you're called to jury duty; or, if the Canadian government issues a travel advisory regarding your destination, for example. Usually trip cancellation travel coverage is bundled with trip interruption coverage; meaning you're covered if you need to cut your trip short for a reason detailed in your policy (for both trip cancellation and trip interruption look at the "Insured Risks" portion of the policy.)
Tip: Before settling on and buying a particular trip cancellation policy, read the policy wording first (at Kanetix you can view all of the policies online prior to purchasing so you can pick the one that is right for you.) Some trip cancellation polices require that the coverage be purchased around the same time as paying for your vacation (anywhere from within 48 hours up to 7 days depending on the provider.)
Baggage protection travel coverage protects your baggage in two ways. The first deals with loss of luggage. This type of travel insurance coverage will usually reimburse you up to $500 to $1000 if your luggage is lost in transit. If your luggage is delayed (usually by more than 12 hours), you'll also be covered; however the maximum amount is usually less than if it were a total loss. The second deals with damage to your luggage and its contents while in transit. If your luggage, or its contents, are damaged while in the possession of the company you're travelling with you'll typically be covered up to $500 to $1000. But make sure to read the policy as all travel insurance coverage companies are different with their travel coverage amounts.
Baggage protection also typically includes coverage for the costs associated with replacing your passport, driver's licence, birth certificate or travel visa should they be lost or stolen while on holiday.
Getting travel insurance coverage: Next steps
So now you know what's what; you know the basics about travel insurance coverage, specifically emergency medical travel insurance coverage, trip cancellation & interruption, and baggage loss, damage & delay insurance. What's next?
Find out if you're already covered and if you are go over the policy's details. Is your spouse covered? How about the kids? Is there a limit to the number of days you can be away? Bottom line - make sure any existing coverage is adequate.